SmartInsurProtocol, an insurance underlying chain based on public Blockchain protocol, provides smart contract marketplace for insurance carriers to launch and sell insurance products, for applicants to apply for insurance and claims, and certifies, manages AI learning. Therefore, all contributors in this community will add up to the development and achievement of this insurance underlying chain and benefit from it.
We have utilized Blockchain technology to streamline the procedure of application, policy and claims handling. This insurance underlying chain connects insurance players of all areas from around the globe. In this truly decentralized insurance marketplace, all purchasing, claims and other actions are fully traceable: salespersons, agents, all intermediaries and actuaries worldwide are able to launch their own products, applicants worldwide are able to purchase and make claims, underwriters and claims specialists worldwide are able to provide professional services, and investors from around the world are able to make investments in insurance industries. Every participant can create and train their own robot by inviting other members’ assistance and finally obtain exclusivity of an AI robot after Blockchain certification and enjoy the profit of the robot by sharing insurance knowledge, experience, or servicing assureds more efficiently and professionally. The combination of insurance underlying chain and AI robots will dramatically reduce costs of manpower and cost of circulation through multiple layers. In this way applicants are better protected by capitals and brings capital, service providers and applicants closer together.